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AP® Microeconomics

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Moderate

Elasticity of Demand: Coefficient for Plane Tickets

APMICR-EGMPG7

If the coefficient for elasticity of demand for plane tickets is 0.79, an increase in the price of plane tickets

A

would decrease the demand for plane tickets.

B

would increase the demand for plane tickets.

C

would increase the total revenue from plane tickets.

D

would decrease the total revenue from plane tickets.

E

would leave the total revenue from plane tickets unchanged.